Berenberg Bank Reiterates “Buy” Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a note issued to investors on Friday, Marketbeat.com reports. They presently have a GBX 800 ($10.22) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 22.70% from the stock’s current price.

A number of other analysts have also recently commented on LRE. Royal Bank of Canada restated an “outperform” rating and set a GBX 825 ($10.54) price target on shares of Lancashire in a research note on Friday, May 3rd. Jefferies Financial Group restated a “buy” rating and set a GBX 740 ($9.46) price objective on shares of Lancashire in a research report on Wednesday, May 29th. Finally, Barclays lowered their price objective on shares of Lancashire from GBX 800 ($10.22) to GBX 790 ($10.10) and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 781 ($9.98).

Lancashire Stock Performance

LRE traded up GBX 28 ($0.36) during midday trading on Friday, reaching GBX 652 ($8.33). The company had a trading volume of 441,613 shares, compared to its average volume of 648,493. Lancashire has a 12-month low of GBX 527.50 ($6.74) and a 12-month high of GBX 690 ($8.82). The business has a 50-day moving average price of GBX 609.23 and a two-hundred day moving average price of GBX 615.18. The stock has a market cap of £1.56 billion, a PE ratio of 635.64, a P/E/G ratio of 0.21 and a beta of 0.58. The company has a debt-to-equity ratio of 31.25, a quick ratio of 1.18 and a current ratio of 1.62.

Insider Activity at Lancashire

In other Lancashire news, insider Philip Broadley bought 18,049 shares of Lancashire stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of GBX 633 ($8.09) per share, with a total value of £114,250.17 ($146,006.61). In other Lancashire news, insider Michael George Dawson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of GBX 610 ($7.80) per share, with a total value of £61,000 ($77,955.27). Also, insider Philip Broadley bought 18,049 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of GBX 633 ($8.09) per share, with a total value of £114,250.17 ($146,006.61). 0.63% of the stock is owned by insiders.

Lancashire Company Profile

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, Australia, and the United States. The company operates through two segments, Reinsurance and Insurance. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.